Short Interest in Apartment Investment and Management (NYSE:AIV) Grows By 8.8%

Apartment Investment and Management (NYSE:AIV) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,940,000 shares, a growth of 8.8% from the March 15th total of 3,620,000 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 3.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Apartment Investment and Management

Several hedge funds have recently made changes to their positions in AIV. Advisor Group Holdings Inc. grew its position in Apartment Investment and Management by 25.7% during the first quarter. Advisor Group Holdings Inc. now owns 9,826 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 2,009 shares in the last quarter. Raymond James & Associates bought a new stake in Apartment Investment and Management in the first quarter valued at approximately $115,000. Private Advisor Group LLC raised its holdings in Apartment Investment and Management by 221.4% during the 1st quarter. Private Advisor Group LLC now owns 69,964 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 48,194 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Apartment Investment and Management by 36.1% during the first quarter. MetLife Investment Management LLC now owns 70,993 shares of the real estate investment trust’s stock worth $520,000 after purchasing an additional 18,828 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Apartment Investment and Management by 79.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,806,000 shares of the real estate investment trust’s stock worth $13,220,000 after buying an additional 799,000 shares during the period. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. TheStreet upgraded shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a report on Tuesday, January 16th.

Apartment Investment and Management Stock Performance

NYSE:AIV traded down $0.16 during trading hours on Wednesday, reaching $7.81. The stock had a trading volume of 442,255 shares, compared to its average volume of 966,290. Apartment Investment and Management has a 12-month low of $5.63 and a 12-month high of $8.93. The company has a debt-to-equity ratio of 2.73, a quick ratio of 2.18 and a current ratio of 2.18. The stock has a 50 day simple moving average of $7.73 and a 200 day simple moving average of $7.28.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($1.01). The business had revenue of $49.35 million for the quarter. Apartment Investment and Management had a negative return on equity of 30.04% and a negative net margin of 88.87%.

Apartment Investment and Management Company Profile

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.